In Mait/34/2005 Of Commissioner Of Income Tax v. M/S Hotel Blulemoon, the High Court (2016) decided the matter.
Decision: Since the monetary limit involved in this appealpertaining to Assessment Year 1992-93 is only in the sumof Rs.4,25,278/- (which is less than 20,00,000/-), in viewof the Circular dated 10[th] December, 2015, issued underthe signature of Commissioner of Income Tax (AJ),C.B.D.T., Government of India, N...
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M.A.I.T. No.34/2005
18.1.2016
Shri Sanjay Lal, Advocate for the appellant.
Since the monetary limit involved in this appealpertaining to Assessment Year 1992-93 is only in the sumof Rs.4,25,278/- (which is less than 20,00,000/-), in viewof the Circular dated 10[th] December, 2015, issued underthe signature of Commissioner of Income Tax (AJ),C.B.D.T., Government of India, New Delhi, which isplaced on record, this appeal is disposed of leavingquestions of law open.
(A.M. Khanwilkar) Chief JusticeAnchal
(Sanjay Yadav) Judge
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